Annual
SMU72000006562100030A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472.32
Year-over-Year Change
30.49%
Date Range
1/1/2001 - 1/1/2012
Summary
The Annual trend measures the total annual value of average hourly earnings for production and nonsupervisory employees in the manufacturing sector. This metric is a key indicator of labor costs and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend tracks the average hourly wage rate for production and nonsupervisory employees in manufacturing, a major sector of the U.S. economy. It provides insights into labor market dynamics and inflationary pressures that inform economic policymaking.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing wages are closely monitored by the Federal Reserve and other policymakers to assess employment conditions and guide monetary policy decisions.
Key Facts
- The Annual trend measures average hourly earnings for over 12 million manufacturing workers.
- Manufacturing wages are a leading indicator of broader labor market trends and inflation.
- Sustained increases in manufacturing wages can signal tightening labor markets and potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual value of average hourly earnings for production and nonsupervisory employees in the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing wages provide key insights into labor market dynamics, cost pressures, and broader economic conditions that inform policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing wage trends are closely monitored by the Federal Reserve and other policymakers to assess employment conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a monthly basis with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Annual (SMU72000006562100030A), retrieved from FRED.